{"id":171558,"date":"2023-10-10T19:11:56","date_gmt":"2023-10-10T13:41:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=171558"},"modified":"2023-10-10T19:11:56","modified_gmt":"2023-10-10T13:41:56","slug":"s-koreas-crypto-market-rebounds-in-h1-but-down-48-5-from-2021-close-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/s-koreas-crypto-market-rebounds-in-h1-but-down-48-5-from-2021-close-crypto-news\/","title":{"rendered":"S.Korea\u2019s crypto market rebounds in H1 but down 48.5% from 2021 close &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>South Korea\u2019s cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end of 2021, according to the Korea Financial Intelligence Unit (KOFIU), a government agency that oversees the nation\u2019s anti-money laundering regime.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/hamas-crypto-donation-accounts-frozen-israel-police\/\">Hamas crypto donation accounts frozen by Israel police<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>The South Korean crypto market capitalization rose from January to June this year, rising 46% to reach a valuation of 28.4 trillion won (US$21.08 billion), according to a KOFIU <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.korea.kr\/briefing\/pressReleaseView.do?newsId=156593585&amp;call_from=rsslink#goList\">study<\/a> released Tuesday.<\/li>\n<li>However, it is still down 48.5% from 2021\u2019s close, just before the start of the bear market, when the local crypto market was valued at 55.4 trillion won (US$40.9 billion).\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The intelligence unit examined 26 cryptocurrency exchanges and trading firms and nine wallet and custody providers, totaling 35 local businesses.<\/li>\n<li>The average daily trading volume of the surveyed exchanges was 2.9 trillion won (US$2.19 billion) in the first half, a 1.3% decrease from 2.94 trillion won (US$2.17 billion) in the latter half of 2022.\u00a0<\/li>\n<li>Among surveyed exchanges, 10 of them said they were facing difficulties in maintaining operations due to a lack of transaction fees.<\/li>\n<\/ul>\n<ul>\n<li>The estimated number of crypto traders dropped 3% to 6.06 million from the previous period\u2019s 6.27 million traders.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/cmcc-global-raises-us100-mln-launch-hong-kong-web3-fund\/\">CMCC Global raises US$100 mln to launch Hong Kong Web3 fund<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end of 2021, according to the Korea Financial Intelligence Unit (KOFIU), a government agency that oversees the nation\u2019s anti-money laundering regime. See related article: Hamas crypto donation accounts frozen by Israel [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":116433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-171558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=171558"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171558\/revisions"}],"predecessor-version":[{"id":171560,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171558\/revisions\/171560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/116433"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=171558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=171558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=171558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}